GTES vs. ALNT

Last updated Jun 3, 2026

GTES (Gates Industrial Corporation plc) and ALNT (Allient Inc.) are both stocks. GTES operates in Specialty Industrial Machinery (Industrials), while ALNT operates in Electronic Components (Technology). Over the past 5 years, GTES returned 7.64%/yr vs 18.56%/yr for ALNT. At a 0.47 correlation, their price movements are largely independent.

Performance

GTES vs. ALNT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gates Industrial Corporation plc (GTES) and Allient Inc. (ALNT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTES achieves a 23.47% return, which is significantly lower than ALNT's 59.10% return.

GTES

• 1D: 2.55%
• 1M: 10.18%
• YTD: 23.47%
• 6M: 19.25%
• 1Y: 26.18%
• 3Y*: 28.65%
• 5Y*: 7.64%
• 10Y*: —

ALNT

• 1D: 2.82%
• 1M: 12.05%
• YTD: 59.10%
• 6M: 57.84%
• 1Y: 182.22%
• 3Y*: 34.76%
• 5Y*: 18.56%
• 10Y*: 19.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GTES vs. ALNT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GTES Gates Industrial Corporation plc	23.47%	4.38%	53.28%	17.62%	-28.28%	24.69%	-7.27%	3.93%	-28.43%
ALNT Allient Inc.	59.10%	122.15%	-19.26%	-12.91%	-4.29%	7.40%	5.74%	8.88%	27.14%

Correlation

The correlation between GTES and ALNT is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jan 26, 2018	0.47

The correlation between GTES and ALNT has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.

Fundamentals

EPS GTES : $1.29 ALNT : $1.42
PE Ratio GTES : 20.61 ALNT : 60.19
PEG Ratio GTES : 17.91 ALNT : 12.49
PS Ratio GTES : 1.49 ALNT : 2.56
Total Revenue (TTM) GTES : $3.45B ALNT : $560.59M
Gross Profit (TTM) GTES : $1.38B ALNT : $178.09M
EBITDA (TTM) GTES : $645.40M ALNT : $70.63M

Return for Risk

GTES vs. ALNT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GTES

GTES Risk / Return Rank: 60
GTES Sharpe Ratio Rank: 64
GTES Sortino Ratio Rank: 57
GTES Omega Ratio Rank: 57
GTES Calmar Ratio Rank: 61
GTES Martin Ratio Rank: 62

ALNT

ALNT Risk / Return Rank: 95
ALNT Sharpe Ratio Rank: 96
ALNT Sortino Ratio Rank: 93
ALNT Omega Ratio Rank: 92
ALNT Calmar Ratio Rank: 96
ALNT Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GTES vs. ALNT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gates Industrial Corporation plc (GTES) and Allient Inc. (ALNT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GTES	ALNT	Difference
Sharpe ratio Return per unit of total volatility	0.71	3.61	-2.90
Sortino ratio Return per unit of downside risk	1.18	3.72	-2.54
Omega ratio Gain probability vs. loss probability	1.15	1.48	-0.32
Calmar ratio Return relative to maximum drawdown	1.01	8.30	-7.29
Martin ratio Return relative to average drawdown	2.42	28.19	-25.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GTES vs. ALNT - Sharpe Ratio Comparison

The current GTES Sharpe Ratio is 0.71, which is lower than the ALNT Sharpe Ratio of 3.61. The chart below compares the historical Sharpe Ratios of GTES and ALNT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GTES	ALNT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	3.61	-2.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.39	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.13	-0.03

Drawdowns

GTES vs. ALNT - Drawdown Comparison

The maximum GTES drawdown since its inception was -70.06%, smaller than the maximum ALNT drawdown of -92.45%. Use the drawdown chart below to compare losses from any high point for GTES and ALNT.

Drawdown Indicators

	GTES	ALNT	Difference
Max Drawdown Largest peak-to-trough decline	-70.06%	-92.45%	+22.39%
Max Drawdown (1Y) Largest decline over 1 year	-24.99%	-21.88%	-3.11%
Max Drawdown (3Y) Largest decline over 3 years	-33.82%	-57.27%	+23.45%
Max Drawdown (5Y) Largest decline over 5 years	-48.40%	-61.88%	+13.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-63.11%	—
Current Drawdown Current decline from peak	-5.49%	0.00%	-5.49%
Average Drawdown Average peak-to-trough decline	-26.83%	-47.52%	+20.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.48%	6.44%	+4.04%

Volatility

GTES vs. ALNT - Volatility Comparison

The current volatility for Gates Industrial Corporation plc (GTES) is 11.28%, while Allient Inc. (ALNT) has a volatility of 24.34%. This indicates that GTES experiences smaller price fluctuations and is considered to be less risky than ALNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTES	ALNT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.28%	24.34%	-13.06%
Volatility (6M) Calculated over the trailing 6-month period	29.15%	38.91%	-9.76%
Volatility (1Y) Calculated over the trailing 1-year period	36.86%	50.77%	-13.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.46%	47.35%	-12.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.40%	47.97%	-7.57%

Dividends

GTES vs. ALNT - Dividend Comparison

GTES has not paid dividends to shareholders, while ALNT's dividend yield for the trailing twelve months is around 0.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALNT Allient Inc.	0.15%	0.22%	0.49%	0.38%	0.29%	0.26%	0.23%	0.25%	0.26%	0.30%	0.47%	0.38%
GTES Gates Industrial Corporation plc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

GTES vs. ALNT - Profitability Comparison

The chart below illustrates the profitability comparison between Gates Industrial Corporation plc and Allient Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GTES - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gates Industrial Corporation plc reported a gross profit of 338.00M and revenue of 851.10M. Therefore, the gross margin over that period was 39.7%.

ALNT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Allient Inc. reported a gross profit of 45.38M and revenue of 138.92M. Therefore, the gross margin over that period was 32.7%.

GTES - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gates Industrial Corporation plc reported an operating income of 109.90M and revenue of 851.10M, resulting in an operating margin of 12.9%.

ALNT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Allient Inc. reported an operating income of 9.32M and revenue of 138.92M, resulting in an operating margin of 6.7%.

GTES - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gates Industrial Corporation plc reported a net income of 59.70M and revenue of 851.10M, resulting in a net margin of 7.0%.

ALNT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Allient Inc. reported a net income of 5.36M and revenue of 138.92M, resulting in a net margin of 3.9%.

Frequently Asked Questions

Can I hold both GTES and ALNT in my portfolio?

GTES and ALNT have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTES or ALNT?

ALNT has higher volatility (24.34%) compared to GTES (11.28%). In terms of maximum drawdown, GTES dropped -70.06% vs ALNT's -92.45%.

Which has better risk-adjusted returns?

ALNT currently has the higher Sharpe Ratio (3.61 vs 0.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.